overbough

After falling over 50%, we've seen a 50% rally in URI off the low. The struggle to break above the 200 week SMA indicates some resistance in an already overbought situation. Additionally, the indecision signaled by the candlestick charts indicates that we may see some selling pressure in the near term without any ...

Similar to AUD/CAD, AUD/CHF is setting up for a short opportunity with the following in view:
- inside bar following high test bar in pull back to 50ema
- price rejection at resistance at ~0.8210
- price retraced to 0.618 Fibonacci level which coordinates well within proximity of resistance at ~0.8210
- ...